EU4Energy delivers draft gas storage methodology for Georgia

Eu4Energy News
17 April 2019

Today, the final workshop took place under the EU4Energy technical assistance aimed at developing a natural gas storage tariff methodology for Georgia. The event followed a series of meetings with the Georgian National Energy and Water Supply Commission (GNERC) and the Georgian Oil and Gas Corporation (GOGC), which provided an overview of European best practices on gas storage regulation. With the cooperation and input of the Georgian authorities, a draft legal act, which will constitute the basis of the future storage tariff methodology, and a tariff calculator tool were developed with EU4Energy support. Participants noted that  additional regulations will need to be put in place once the storage facility’s completion approaches.

* The EU4Energy Initiative covers all EU support to improve energy supply, security and connectivity, as well as to promote energy efficiency and the use of renewables in the Eastern Partner countries Armenia, Azerbaijan, Belarus, Georgia, Moldova and Ukraine. It does this by financing projects and programmes that help to reform energy markets and to reduce national energy dependence and consumption. Over the longer term, this makes energy supply more reliable, transparent and affordable, thus reducing energy poverty and energy bills for both citizens and the private sector.

In Scope:

  • Georgia Georgia